The Ministry of Corporate Affairs (“MCA”)in its notification of July 5, 2018, has made it mandatory for every person holding Director Identification Number (DIN), that means, all directors of any company, and all partners/directors of LLP, must get his DIR-3 Know your Client or DIR-3 KYC, updated with the MCA within […]
Through the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, the Government of India attempts to boost MSME. These Small Scale Industries (SSI) are the mainstay for growth in many developed, and developing economies, of the world. Importance of small businesses for India is immense. It is considered a prominent player […]
Today, for any financial transaction in the economy, Permanent Account Number (PAN) Card is mandatory. All the transaction above the threshold limit whether it is opening a bank account or purchase gold need to be verified by your PAN card. Mostly insurance companies and banks require a PAN card for its […]
The Limited Liability Partnership (LLP) structure is a fairly new alternative of business structure. It provides the benefits of limited liability of a company while still allowing the flexibility of organizing management on the basis of a mutually arrived agreement. With merits such as lower cost of formation and compliance, lesser restrictions, and, not to forget, the […]
RERA ( Real Estate Regulation Act) 2016, was introduced, to make a very beneficial and laudable Impact on home buyers. Maharashtra was one of the few states which introduced RERA immediately after the Act was implemented, by May 1, 2017. MahaRERA has its headquarters in Mumbai. It is also the responsible authority for the […]
A Partnership deed is basically a document that outlines in details the rights and responsibilities of all parties to a business operation. It was designed to guide the partners in the conduct of the business and avoid unnecessary misunderstanding, harassment, and unpleasantness among the partners in the event of any dispute. The […]
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